Mr 777 - a point of order, if I may.
'twas I who first introduced the technical term 'spunk' to this thread, several pages ago when I talked about money being wasted on elaborate 'pat on the back functions'.
Spunkage is merely an extension of the word, as you can see below.
Definitions
Spunk - the action of wasting something, as in 'to spunk good money on a pointless function.'
Spunker - someone who attends aforementioned function, thus helping waste company money.
Spunked - having wasted valuable money on a pointless function.
Spunkage - the sum total spunked on one or more functions.
Spunking - the act of wasting good money on a frivolous function
the collective noun for said spunk is cup or in american english, beaker i.e. a cup (beaker) of spunk
Here endeth the lesson in economic language.
Note to PPRuNe Radar - before someone (i.e. 250Kts) says this post is irrelevant to the thread I believe this post has a (very tenuous) link to the pension thread; as I am of the opinion that NATS would be in a better position to pay the money it should into the pension fund, if it did not merrily 'spunk' good money on silly functions etc.